September 2015 Insolvency stats up 12 percent

The latest figures from Statistics Canada show that insolvencies in Canada increased by 12.1 percent in September 2015 from the previous month. Bankruptcies increased by 12.1 percent and proposals increased by 12.0 percent.

Year-on-year figure show the total number of insolvencies increased by 2.4 percent compared with the 12-month period ending September 30, 2014

The full report from Statistics Canada includes information on insolvencies by consumers, business and by sector. You can read the full report here.